Online banking is a definition for performing transactions, payments over the internet through a bank's secure website. This can be useful, especially for banking outside banking hours and banking from anywhere where internet access is available. In most cases a web browser such as Internet Explorer or Mozilla Firefox is utilised and any normal internet connection is suitable. No special software or hardware is usually needed. The number of customers who choose online banking as their preferred method of dealing with their finances is growing. Many people appreciate the convenience - Online banking usually offers such features as bill payment and online statements. There is a growing number of banks that operate only online. Because these online banks have low costs compared to normale banks they can offer bigger interest rates.